Thousands of stock still available from $1 after T & R International collapse

Only 40 per cent of stock is left in this massive online sporting goods sale after the company collapsed - and bids start at $1.

Bargain hunters are flocking to a massive sporting goods sale where thousands of pieces of brand-new sporting, lifestyle and leisure equipment are still waiting to be snapped up.

The mega-sale was triggered by the collapse of major online retailer T & R International.

In the 14 days since the auctions began, all the T & R International warehouses are empty with “60 per cent of the stock already sold”, chief executive officer of Lloyd Auctions Lee Hames told news.com.au.

All kinds of sporting, lifestyle and leisure equipment are up for grabs in the last auction before Christmas. Picture: Supplied

Valued at around $7 million, the T & R International’s inventory has been incrementally auctioned off in online auctions across Sydney, Melbourne and Brisbane where bargain hunters have scored major deals on showroom quality pieces.

Examples of savings include a 9-foot slate pool table valued at $5400 and sold for $800, plus a $1200 treadmill scored for $225, both secured at over 80 per cent off.

The remaining stock has been moved to Lloyd Auctions’ warehouses where buyers are expected to collect their purchases after the next round of online sales.

From Friday, there are 13 auctions left across the three cities with $3 million worth of stock up for grabs.

It's the final round of auctions before Christmas. Mr Hames says that while there will be more rounds in the New Year, he doesn’t expect “many things to be left.”

While the most stock was in the Sydney warehouse, the “craziest” response was in Melbourne, according to the chief executive. “The percentage of registrations was enormous and the prices were just incredible.”

He added: “Overall, the response has been extraordinary. We’ve held a few larger items like pool tables, hockey tables, electric scooters and the like for this latter half of the auction, but there’s still a great mix of equipment available.”

Most T & R International warehouses were emptied out in just 14 days of online auctions. Picture: Supplied

T & R International’s collapse in October followed an embattled year that saw the giant retailer slapped with almost 500 complaints of potential consumer law breaches in NSW and Queensland fair trading jurisdictions.

“We have lost almost everything we built over the past 14 years, and the emotional and financial burden has been overwhelming,” a T & R International spokesman said in October.

The company blamed “cash flow challenges” for the collapse and said the business had been damaged by A Current Affair report that revealed hundreds of customers were claiming they had been ripped off by the company.